Wednesday, June 27, 2012

Support the Startup Jobs Act 2.0

As Congressman Robert Dold (R-IL) said on the House floor, "Students come to America from all over the world. They earn advanced degrees in science and technology , engineering, and mathematics. Then upon graduation, they’re forced to leave our country; to go home and in essence compete against us. And with them go their knowledge, their ideas, and their aspirations to change the world. Many of these students want to stay here in America, to make something of themselves here for America is still the best place for ideas to become realities. These ideas become solutions which in turn turn into job creating companies." That's why Dold and several other Republicans and Democrats offered the Startup Jobs Act 2.0.

Right now, the bill sits with Judiciary; Ways and Means; Science, Space, and Technology; Appropriations; and Energy and Commerce Committees, all of which have to vote in favor of it. It's a good bill that creates jobs and allows the world's best and brightest to participate in the American Dream--precisely what has made our country what it is. Congressman Mike Pence (R-IN) noted that any Member of Congress who receives ten calls from constituents on a matter will sit up and take notice, call staff meetings, and likely stand with his or her constituents. We need people to call their representatives in Congress and urge them to co-sponsor HR 5893, The Startup Jobs Act 2.0. Congressman Dold's staff has offered to provide them with information their staffs may need. Staff should call Daniel Serota at Bob’s District office 847-272-0404, or they can call Bob’s Washington office 202-225-4835.

People interested in hearing Bob Dold's speech in Congress about the bill can Judiciary; Ways and Means; Science, Space, and Technology; Appropriations; Energy & Commerce. Call them!

And here is a link for contacting individual Members of Congress.

People who call can say the following or change it so it is more comfortable (it only takes about a minute):

"My name is ____________. I’m one of Representative ____________’s constituents, and I strongly urge him (or her) to become a co-sponsor of HR 5893, the Startup Jobs Act 2.0. People from all over the world come here to get the best education possible, and right now when they’re done, we force them to leave the US—even if they want to become citizens, contribute to the economy, and participate in the American Dream. HR 5893 would mean not forcing these highly skilled individuals out of the US and it would help jumpstart the economy. Congressman Bob Dold of Illinois has offered to get information on the bill to staff; and they can call Daniel Serota at his District Office (847-272-0404) or they can call his DC office (202-225-4835)."

This bill will help us and help people who want to join us in the great experiment called America. It is in our hands to make this a success and at the same time show Washington that we are a strong group that cannot be ignored.


Anonymous Anonymous said...

Startup Act 2.0
In the guise of a bipartisan bill to keep startups and foreign graduates with STEM (Science, Technology, Engineering, and Math) graduate degrees, working innovating and creating start-ups and jobs here in America, the GOP has offered a tax haven; a zero percent tax investment in foreign jobs to the detriment of Americans.

This bill brings off-shored jobs to America, but not for Americans.
As a STEM professional myself, I see not only robust competition from foreign workers now, but a numerous term modular contract positions for the duration of the business project, and avoidance of 'permanent' employees and long term integration of technical expertise into the company.

Touted as a high tech startup and jobs bill, Startup Act 2.0 is primarily a tax haven with a ZERO percent tax on investments in 'high tech' companies. It is also a labor cost reducing measure. It authorizes 75,000 visas for foreign STEM graduates who will be motivated to accept relatively low wages to get their visa extended. This will DISCOURAGE Americans from getting advanced STEM degrees and degrade the quality and quantity of job prospects for US STEM workers. It will lower wages, benefits, and will treat STEM workers as commodities rather than integral parts of business industry and society.

The hypocrisy here is that the 'free market capitalist' supporters of this bill want want to kill the natural reaction of the market to increase wages of American STEM employees because of their relative scarcity here at home.

The bill also siphons off a fraction of federal agencies' budgets to pay educational institutions to instruct STEM graduates to become entrepreneurs.

The bill lacks assurances that these new start-ups by STEM graduates are actually 'High Tech' or that there is a substantial requirement to hire Americans or to even create New Jobs. Its a tax loophole to move jobs under this 0% tax haven.

As written, this bill will create a quick way to 'import' cheaper foreign offshore workers to compete for American jobs, discourage Americans from going into STEM careers themselves, and create a "high tech" tax loophole for investors to pay Zero tax on their profits.

6/29/2012 8:17 PM  

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